Group Think, Duct Tape and Slam Dunks
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U.S. May See 150-200 More Bank Failures
US May See 150-200 More Bank Failures: Bove Reuters | 24 Aug 2009 | 01:07 PM ET A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry’s payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of […]
MoreGoldman Sachs Did An Excellent Job of Bailing Out Goldman Sachs
THE NEW YORK TIMES August 9, 2009 Paulson’s Calls to Goldman Tested Ethics By GRETCHEN MORGENSON and DON VAN NATTA Jr. Before he became President George W. Bush’s Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than his predecessors. He not only sold all his holdings […]
MoreMatt Taibbi: The Big Takeover – Rolling Stone Magazine
The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution ROLLING STONE | March 19, 2009 The Big Takeover- Matt Taibbi It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as […]
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